Karooooo Ltd (JSE:KRO) News - Results of the annual general meeting Karooooo Ltd. (a public company incorporated and registered in the Republic of Singapore) (Unique Entity Number: 201817157Z) JSE share code: KRO NASDAQ share code: KARO ISIN: SGXZ19450089 (“Karooooo” or “Company”) RESULTS OF THE ANNUAL GENERAL MEETING OF KAROOOOO LTD. HELD ON AUGUST 26, 2021 (the “AGM”) There were 30,951,106 ordinary shares in issue as at the date of the AGM. In accordance with the constitution of the Company, two members present or represented at the AGM, constitutes a quorum. We confirm that a quorum was present. Shareholders voted on all the resolutions relating to the ordinary business and all the resolutions relating to the special business as set out in the notice of the AGM, dated July 26, 2021. All resolutions were duly passed. Each ordinary share carries one vote. Details of all votes validly cast at the AGM are set out below: Resolution number and For (1) Against(1) Abstentions(1) Shares Voted details Number of shares Number of shares Number of shares %(2) Routine Business % % % 1. To receive and adopt the 26,427,296 707 2,466 Directors’ Statement, the Auditors’ Report and the 99.99 0.00 0.01 85.39 Audited Financial Statements of the Company for the financial year ended February 28, 2021. 2. To re-appoint Mr. Tzin 26,427,196 907 2,366 Min Andrew Leong, who retires by rotation 99.99 0.00 0.01 85.39 pursuant to Regulations 88 and 89 of the Constitution of the Company, as a Director of the Company. 3. To re-appoint Mrs. Kim 26,427,191 912 2,366 White, who retires pursuant to Regulation 92 99.99 0.00 0.01 85.39 of the Constitution of the Company, as a Director of the Company. 4. To re-appoint Ms Siew 26,427,191 912 2,366 Koon Lim (Ong), who retires pursuant to 99.99 0.00 0.01 85.39 Regulation 92 of the Constitution of the Company, as a Director of the Company. 5. To approve the 26,426,906 997 2,566 remuneration of Non- executive Directors of the 99.99 0.00 0.01 85.39 Company from time to time during the year ending February 28, 2022 in accordance with the following annual fee rates as may be relevant to each Non-executive Director: (i) Chairman’s/Lead Independent Directors’ fee of SGD60,150; (ii) Director’s fee of SGD40,100; (iii) Audit Committee Chairman’s fee of SGD30,000; (iv) Compensation Committee Chairman’s fee of SGD16,500; (v) Audit Committee member’s fee of SGD20,000; and (vi) Compensation Committee member’s fee of SGD11,000. 6. To re-appoint KPMG LLP 26,427,123 882 2,464 as the auditors of the Company for the financial 99.99 0.00 0.01 85.39 year ending February 28, 2022 and to empower the Directors to fix the auditors’ remuneration in their absolute discretion. Special business 7. To authorize the 26,376,543 51,448 2,478 Directors to purchase or otherwise acquire issued 99.80 0.19 0.01 85.39 ordinary shares in the capital of the Company. 8. To authorize the 26,086,707 341,396 2,366 Directors to issue and allot shares. 98.70 1.29 0.01 85.39 Notes: (1) The calculation of the percentage of votes cast in favour of, or against, the resolution includes abstained votes. (2) Shares Voted is calculated as all the votes cast for, against, or abstained as applicable, divided by the total eligible votes. Johannesburg Thursday, 26 August 2021 Sponsor Merrill Lynch South Africa Proprietary Limited t/a BofA Securities Date: 26-08-2021 04:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.